If you haven’t heard about it yet, the Iberia Plus credit card is worth a look. You’ll be earning Iberia Avios (connected to the UK’s Avios shopping program and British Airways’ Avios). Iberia Avios are redeemed on a distance-based system, though different from British Airways.

You might see me in one of these seats soon…

Here’s The Important Stuff:

Sign up bonus of 50,000 Avios after $3,00 spend in 3 months

25,000 more Avios after a total of $10,000 spend within the first year

$95 annual fee (unfortunately not waived for the first year)

10% off Iberia flights (base fare only)

no foreign transaction fees

The sign-up bonus mimics that of the British Airways card. First spend $3,000 in 3 months for 50,000 Avios, then an additional $7,000 in spend in the first year ($10,000 total) for an additional 25,000 Avios. Given the partnerships of the airlines and shared rewards currency, it makes sense to have a similar bonus and benefits.

Earning Structure

3 Avios per $ spent on Iberia, British Airways, Aer Lingus, LEVEL and OpenSkies purchases (had to look those last two up)

1 Avio per $ spent on everything else

$1,000 discount voucher for any calendar year that you spend at least $30,000 on the card

If you have the British Airways card you’ll only earn triple Avios on BA, while the Chase Iberia Plus credit card allows cardholders to earn triple on 5 airlines. I won’t lie…I’d still opt for my AmEx Platinum for direct airfare purchases (and I’m sure many of you would choose your Sapphire Reserve).

So, What About this Voucher?

This is where it gets interesting. I think the Chase Iberia Plus credit card may deserve a spot in the wallet of heavy MS’ers that have Iberia flights they want to take. Here’s the deal: spend $30,000 on the card in a calendar year, and Iberia will issue you a discount voucher. It’ll be good for a year, and knock off $1,000 off the ticket price for two Iberia tickets. No codeshare pr partner flights, and it looks like you must book 2 tickets to use the discount.

Subject to Iberia flight availability….The discount voucher is valid in conjunction with the Cardmember’s paid two same flights on Iberia taken within 12 months of the date of issue. All discount vouchers will be issued in the name of the primary Cardmember who must travel on any booking where the discount voucher is used. The discount voucher is only valid if it has been acquired in accordance with the rules of this promotion. The discount voucher is not extendable, transferable and has no cash or Avios value. Companion must travel with the Cardmember on both the outbound and inbound journey and be booked at the same time for both directions. Discount vouchers may only be used for flights which are operated by Iberia. The discount voucher is not valid for flights operated by franchise, codeshare or alliance airlines. Additional restrictions may apply.

Personally, I’m thinking I might snag this card for easy access to Iberia Avios flights (looking at you BOS-LGA on American). That discount voucher That $1,000 off will pair nicely with Iberia’s seasonal Boston to Madrid route.

I might not be as observant as I think I am, but this card caught me off guard. Either way, the Chase Iberia Plus credit card is a happy surprise! With a decent earning structure and interesting benefits it’s worth taking a look. Avios will expire after 36 months of inactivity, and you can transfer Iberia Avios into British Airways Avios, and vice-versa.

So, what do you guys think? Will you be getting the new Chase Iberia Plus credit card?

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About Me

Dan Miller travels with his wife and 6 (SIX!) children. He loves to help families travel for free / cheap, especially larger families. If you are looking for help, drop him an email at dan@pointswithacrew.com.